Delay Payment Charges definition

Delay Payment Charges means the charges payable by the Allottee(s) to the Promoter for delay in payment of any due amount, installment, charges etc. at the rate of State Bank of India highest marginal cost of lending Rate plus two percent or such other rate as may be applicable from time to time as per the Act and Rules.
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Delay Payment Charges means interest at the rate equivalent to State Bank of India’s highest marginal cost of lending rate plus 2% (two percent) or such other rate prescribed under the applicable law.
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Delay Payment Charges means the charges to be paid on account of delay in the payment as interest on the amount due at the Interest Rate (Specified herein below).
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Examples of Delay Payment Charges in a sentence

  • The Applicant (successful allottee) agrees that if the Applicant (successful allottee) is in default of any of the payments as afore-stated, then the Company shall have the right to withhold registration of the conveyance deed in the Applicant’s (successful allottee) favor till full and final settlement of all dues to the Company including the Delay Payment Charges is made by the Applicant (successful allottee).

  • Audited financial statements, showing, among others, the prospective total and current assets and liabilities, stamped "received" by the BIR or its duly accredited and authorized institutions, for the preceding calendar year which should not be earlier than two (2) years from the date of bid submission.

  • Opt for payment of compensation from the Company calculated at the same rate as the Delay Payment Charges over the amounts paid by the Applicant (successful allottee) calculated from the stipulated period till the actual date of offer of possession by the Company.

  • The Parties hereby agree that in the event of reduction in the area, the Company shall refund the excess amounts paid by the Applicant (successful allottee) within 90 (Ninety) days along with Delay Payment Charges, from the date when such excess amount was paid by the Applicant (successful allottee).

  • It is agreed that Delay Payment Charges are applicable on Goods and Services Tax.

  • RESPONSE: Parking space runs do not exceed ten spaces in any location without being interrupted by a planted island.

  • Opt for payment of compensation from the Promoter calculated at the same rate as the Delay Payment Charges over the amount received by the Promoter till date ("Penalty for Delayed Completion").

  • So as to be compensated in such an eventuality, we may levy Delay Payment Charges on the amounts, not exceeding the debit balance in the ledger, for the period of delay at a rate upto 24% per annum calculated on daily basis for the period of delay.We do not pay interest on the clients' funds received towards margin.

  • Credit of Rs 2,37,819.26 was given towards penalty for exceeding contract demand by considering commercial tariff from March 2013 for meter number P011579 and credit of Rs 2,39,787/- was towards refund of Delay Payment Charges and Interest on arrears.

  • So as to be compensated, the Stock Broker may levy Delay Payment Charges on the amounts, not exceeding the debit balance in the ledger, for the period of delay.


More Definitions of Delay Payment Charges

Delay Payment Charges means interest equivalent to State Bank of India’s highest marginal cost of lending rate plus 2% or any other rate of interest as may be prescribed under the Haryana Real Estate (Regulation and Development) Rules- 2017;
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Delay Payment Charges means interest as may be prescribed under the Punjab State Real Estate (Regulation and Development) Rules-2017;
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Delay Payment Charges means the interest payable by the Allottee(s) to the Promoter for delay in payment of any due amount, installment, charges etc. computed on Interest Rate.
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Related to Delay Payment Charges

  • Delay Payments means the amounts payable by the Supplier to the Customer in respect of a delay in respect of a Milestone as specified in the Implementation Plan;

  • Late Payment Charge means the charge that is applied when either Party fails to remit payment for any charges by the Bill Due Date, or if payment for any portion of the charges is received after the Bill Due Date, or if payment for any portion of the charges is received in funds which are not immediately available or received by either Party as of the Bill Due Date, or if either Party does not submit the Remittance Information.

  • Prepayment Charges Any prepayment premium or charge payable by a Mortgagor in connection with any Principal Prepayment on a Mortgage Loan pursuant to the terms of the related Mortgage Note or Mortgage, as applicable.

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.

  • Servicer Prepayment Charge Payment Amount The amounts payable by the Servicer in respect of any waived Prepayment Charges pursuant to Section 2.05 or Section 3.01.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Track Charges means the charges payable by or on behalf of the Train Operator to Network Rail, as set out in paragraph 1 of Part 2 of Schedule 7 or under the Traction Electricity Rules;

  • Prepayment Charge With respect to any Mortgage Loan, the charges or premiums, if any, due in connection with a full or partial prepayment of such Mortgage Loan during a Prepayment Period in accordance with the terms thereof (other than any Servicer Prepayment Charge Payment Amount).

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Monthly Payment The scheduled monthly payment of principal and interest on a Mortgage Loan.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Penalty Charges means any amounts collected from the Borrower that represent default charges, penalty charges, late fees and/or default interest, but excluding any yield maintenance charge or prepayment premium.

  • Tax Fees means the aggregate fees billed in each of the last two fiscal years for professional services rendered by the Company’s external auditor for tax compliance, tax advice and tax planning.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Monthly Payment Amount means, with respect to each Payment Date, a payment equal to the amount of interest which has accrued during the related Interest Accrual Period, computed at the Interest Rate.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Monthly Payment Date means the Payment Date (as defined in the Mortgage Loan Documents).

  • Default Charges Default Interest and/or late payment charges that are paid or payable, as the context may require, in respect of any Mortgage Loan or Serviced Pari Passu Companion Loan or REO Mortgage Loan.

  • Development Charges or “DC” shall mean the amount charged by the Company from the Applicant(s) towards carrying out the developmental works inside or around the Project, including but not limited to the payment of the following:

  • Additional Servicing Expenses means (a) all Property Protection Advances, fees and/or expenses incurred by and reimbursable to any Servicer, Trustee, Certificate Administrator or fiscal agent pursuant to the Servicing Agreement relating solely to the Mortgage Loan, and (b) all interest accrued on Advances made by (x) any Servicer or Trustee in accordance with the terms of the Servicing Agreement or (y) any Non-Lead Servicer or Non-Lead Trustee in accordance with the terms of the Non-Lead Securitization Servicing Agreement.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.